Artesian Resources provides water, wastewater, and other services on the Delmarva Peninsula. The Company distributes and sells water to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. It also offers water for public and private fire protection to customers in its service territories. In addition, the Company provides contract water and wastewater services, water and sewer service line protection plans, and wastewater management services, as well as design, construction, and engineering services.
Type
Public
HQ
Newark, US
Founded
1905
Size (employees)
225 (est)
Artesian Resources was founded in 1905 and is headquartered in Newark, US
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Key People/Management at Artesian Resources

Dian Taylor

Dian Taylor

Chief Executive Officer & President
Joseph A. DiNunzio

Joseph A. DiNunzio

Executive Vice President & Corporate Secretary
David Spacht

David Spacht

Chief Financial Officer & Treasurer
John Thaeder

John Thaeder

Senior Vice President
Nicholle Taylor

Nicholle Taylor

Senior Vice President
Jennifer Finch

Jennifer Finch

Vice President and Assistant Treasurer
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Artesian Resources Office Locations

Artesian Resources has offices in Newark and Milton
Newark, US (HQ)
664 Churchmans Rd
Milton, US
14701 Coastal Hwy
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Artesian Resources Financials and Metrics

Artesian Resources Revenue

Artesian Resources's revenue was reported to be $82.24 m in FY, 2017
USD

Revenue (Q2, 2018)

39.1 m

EBIT (Q2, 2018)

9.2 m

Market capitalization (14-Aug-2018)

342.8 m

Closing stock price (14-Aug-2018)

37.1

Cash (30-Jun-2018)

216 k

EV

448.8 m
Artesian Resources's current market capitalization is $342.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

69.1 m72.5 m77 m79.1 m82.2 m

Revenue growth, %

5%6%3%

Operating expense total

62.6 m

Depreciation and amortization

9.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

18.1 m16.9 m17.9 m19.6 m18 m19.5 m20.8 m18.4 m19.4 m21.8 m19.2 m20.5 m18.9 m39.1 m

Operating expense total

13.7 m13.8 m14.2 m14.3 m14.3 m14.6 m15.4 m14.6 m14.7 m15.9 m15.2 m15.5 m14.9 m29.9 m

Depreciation and amortization

2.6 m5.1 m

EBIT

4.3 m3.1 m3.6 m5.3 m3.7 m5 m5.4 m3.9 m4.7 m5.9 m4 m5 m4 m9.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

422 k243 k209 k226 k952 k

Accounts Receivable

5.1 m5.1 m6.4 m7.8 m8.9 m

Inventories

1.5 m1.9 m1.7 m1.6 m1.5 m

Current Assets

13.3 m16.6 m14.4 m14.6 m19 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

577 k451 k394 k203 k353 k360 k525 k511 k223 k244 k209 k303 k293 k216 k

Accounts Receivable

5.9 m4.9 m5.5 m5 m6.1 m5.9 m6.6 m5.8 m7.9 m7.8 m6.2 m6.8 m8.1 m9.8 m

Inventories

1.6 m1.6 m1.7 m1.8 m1.9 m1.8 m1.7 m1.8 m1.9 m2.1 m1.6 m1.6 m1.4 m1.4 m

Current Assets

14.7 m12 m12.4 m14.2 m14.5 m13.8 m15 m12.1 m14 m15.9 m12.2 m12.9 m14.4 m16 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.3 m9.5 m11.3 m13 m14 m

Depreciation and Amortization

8.3 m8.7 m8.8 m9.2 m9.6 m

Inventories

(132 k)(405 k)177 k149 k45 k

Accounts Payable

641 k(357 k)1.1 m618 k3.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

2.6 m2.1 m2 m3.3 m2.5 m3.2 m3.7 m2.8 m3 m3.5 m7.4 m

Depreciation and Amortization

2.1 m2.1 m2.2 m2.3 m2.2 m2.2 m2.2 m2.3 m2.2 m2.3 m2.3 m2.6 m5.1 m

Inventories

1.7 m1.8 m1.9 m1.8 m1.7 m1.8 m1.9 m2.1 m1.6 m102 k94 k

Accounts Payable

3.3 m3.9 m3.4 m2.6 m3.2 m3.1 m3.6 m4.4 m4.3 m(4.2 m)(3.7 m)
USDY, 2018

EV/EBIT

48.7 x

EV/CFO

35.4 x

EV/FCF

-43.4 x

Financial Leverage

3.4 x
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Artesian Resources Company Life and Culture

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